premium

/ˈpriːmiəm/ noun [C]

Definition

› an amount of money that is more than usual: We're willing to pay a premium for the best location.attract/command a premium BMW, Mercedes, Volvo, and even Volkswagen have usually commanded a premium because they are seen as stylish.

› HR, WORKPLACE premium pay

› INSURANCE insurance premium → See also share premium

at a premium › at a high price or a higher price than might be expected: We made 2.20 a share this year, and are trading at a premium on the S&P 500.at a premium to sth Investors had bid up the bank's shares in recent weeks, because they thought a bigger bank might buy the company at a premium to the current stock price.

put a premium on sth › to consider something to be very important or valuable: The busy shopper puts a premium on finding everything in one big store.

→ See also option premium

(Definition of premium noun from the Cambridge Business English Dictionary © Cambridge University Press)

Focus on the pronunciation of premium